It won’t be wrong to say buying a car entails a heavy investment, no matter whether you are purchasing a new car or an old one. Even used vehicles can truncate your savings substantially and hence there are tips and tricks which you can adhere to in order to maximize your savings. Also, there are things you need to factor in so as to ensure you are not being cheated or being exploited.

So, here are a few heady pointers which can add to your knowledge bank and should help you to buy a vehicle without any major headache:

Tip 1: Buy during the lean season: It may sound odd since economy does not clearly demarcate a lean season and a peak season when it comes to automobile industry. Yet, one can say that a time when the economy of the selling country is not very healthy or even when the economy of the buying country is precarious, the buyer stands at a higher pedestal than the seller when it comes to powers of negotiation. So, on that count, you will do better buying a car (new or old) during a patchy economic phase than during an affluent period.

Tip 2: Opt for an old model instead of buying a recent release: Some people get tempted by the latest release in the automobile sector. But in actuality what the manufacturers do is that they just present the old model with some minor additions and subtractions under a gleaming new name. Quite naturally, the new model costs more especially when it is enjoying its maiden year. It will be pocket-burning to go for such models. Even if you are craving for the model, it will be much more feasible to get it during the subsequent year when the prices may slump a bit and the general reviews of the car owners will be out. For the time being, it would make sense to invest a smaller sum in buying an older model from a secondary market.

Tip 3: Comparing the deals: In any e-portal site, you will be confronted with numerous offers which will encompass all kinds of cars and will include all ranges. Within your budget too, you will find multiple choices. It is very important to think over the narrowed-down deals instead of rushing over. At least, one day should be reserved to think over the deal before you finalize your choice. In this context, it is also relevant saying that a conversation with a knowledgeable friend or an automobile technician won’t harm your cause.

Tip 4: Resale value: When you are buying an old car, do not only think from the perspective of the present but also from the perspective of the future. Sure, the car will serve you in the present but will it bring you substantial sum after you are done with it and wish to dispose of it? In this case, it may be kept in mind that a car which boasts of higher repute stands a greater chance of getting lucratively resold than a car from a less popular brand. So, if you plan to resale after 2-3 years, investing in brands like Toyota, Hyundai, Honda or Mercedes may be a smart idea.